How Supply Chain Management Techniques Help Manage Talent Better

As technology is rapidly changing markets and products, organizations are scrambling to find the right talent at the right time. The requirement for skills is evolving with the growing industries, and recruiters often struggle to keep up. And talent acquisition is a costly affair, as the researchers at Bersin by Deloitte found - it costs companies an average of $4,000 per hire.

Friday Five: Getting HR Tech Vendor Selection Right

Sourcing potential candidates via social media is an excellent strategy, especially with people using an average of five or more social media platforms. LinkedIn is the most common social media platform recruiters turn to in order to find talent and it is an excellent place to start. However, if people are using more than five social networks, surely there’s room to branch out?

The rise of the smartphone and an increase in internet penetration has transformed talent to a digitally savvy workforce. The mobile phone is gaining popularity as the go-to medium not only to receive candidate applications but to engage talent throughout the recruitment life-cycle including job search, compliance, communications and social media interactions.

Vendor selection is more challenging than ever due to the proliferation of
new
products
and services—and the concerted effort it takes to separate sales hype from actual performance. Today, advances in technology, particularly the growth of the cloud-based software-as-a-service model, have significantly lowered the barriers to entry for both vendors and employers.